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Help Warm-Up 10-3 (similar to) Assigned Axis Corp. is considering an investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul

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Help Warm-Up 10-3 (similar to) Assigned Axis Corp. is considering an investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $25,000 and generate cash inflows of $15,000 per year for the next 3 years. Project Thompson involves replacement of the existing system; it will cost $265,000 and generate cash inflows of $55,000 per year for 6 years. Using a(n) 9.82% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. The NPV of project Kelvin is $. (Round to the nearest cent.)

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